Remy Wisenberg: Milford Asset Management expert on the market's reaction to the OCR going up by 25 basis points
The Reserve Bank has raised the OCR by 25 basis points to 2.75 percent, in line with economists' expectations.
Markets expected the cash rate would go up, but many had priced in a bigger increase - and there's still an expectation that the OCR could go up further down the track.
Milford Asset Management's Remy Wisenberg explained further.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.